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Dec 5, 2012
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trillion dollar deficits for as far as the eye can see. $16 trillion worth of debt already on the books. every man, woman, and child owing the government over $50,000 and that number is increasing every single year. and i think as a result our members understand that we've got to solve the problem and we will. >> so the bottom line is it really seems obvious, especially after talking to members coming out of that meeting, that they have been able to at least so far turn the rank-and-file and obtained them and said to the conference, the american people re-elected, meaning the president, and re-elected us. that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and it's only wednesday. >> right. >> reporter: they
trillion dollar deficits for as far as the eye can see. $16 trillion worth of debt already on the books. every man, woman, and child owing the government over $50,000 and that number is increasing every single year. and i think as a result our members understand that we've got to solve the problem and we will. >> so the bottom line is it really seems obvious, especially after talking to members coming out of that meeting, that they have been able to at least so far turn the rank-and-file...
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Dec 6, 2012
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or ten-year deficit projections, something like 70 billion off 1.14 trillion deficit. it won't make a big dent. why is he so dedicated to it? that being said, carol, despite the fact that it sends me a little off kilter, yes, republicans lost the election. they don't have a ton of leverage. they want to try to achieve a deal that they think is going to maximize potential good for the country, meaning spending reform, budget deficit reduction, but the truth is that they don't have a ton of leverage in forcing president obama to take a look at medicare and social security to bring this conversation full circle that really mean serious budget and deficit reform. >> well, i'm sure that the majority of americans are hoping the two sides will come to some sort of deal. wouldn't that be nice? that would be a nice christmas present. will cain, thank you. >> yeah, you bet. >> thanks so much. >>> one of the top u.s. banks out with a pretty rosie prediction for next year. could it be enough to save your 401(k) from that fiscal cliff? ...so as you can see, geico's customer satisfa
or ten-year deficit projections, something like 70 billion off 1.14 trillion deficit. it won't make a big dent. why is he so dedicated to it? that being said, carol, despite the fact that it sends me a little off kilter, yes, republicans lost the election. they don't have a ton of leverage. they want to try to achieve a deal that they think is going to maximize potential good for the country, meaning spending reform, budget deficit reduction, but the truth is that they don't have a ton of...
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Dec 2, 2012
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>> we have had 17 debt and deficit commissions since 1982 and listened to the experts every time. the national debt went from $1 trillion to $16 trillion. congress does not cut spending. they have been saying for a long time we need a balanced approach. the experts say we need a balanced approach. the so-called fiscal cliff is the most valid approach out of congress and now they don't want to do it. >> what happens if we do go over this cliff, aaron? our credit rating, what it means for those incentives and for the cuts that kick in automatically, what does this mean for us because it is not good by any means. >> see, it is a cliff -- >> you think it's a false deadline. >> i absolutely do. i think that suddenly markets will not crash, the bottom will not fall out. the world will not end. what will happen is that it will force members of congress to kick the can down the road to actually deal with those things. >> eric, thank you. many believe hitting the fiscal cliff will throw the country back into a recession. either way, we'll have eric erickson back after this plays out to see
>> we have had 17 debt and deficit commissions since 1982 and listened to the experts every time. the national debt went from $1 trillion to $16 trillion. congress does not cut spending. they have been saying for a long time we need a balanced approach. the experts say we need a balanced approach. the so-called fiscal cliff is the most valid approach out of congress and now they don't want to do it. >> what happens if we do go over this cliff, aaron? our credit rating, what it means...
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Dec 7, 2012
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president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has a spending problem. not a receive knew problem. the president doesn't agree with our proposal, i believe that he's got an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> mr. speaker, you did speak with the president earlier this week. can you characterize that call? did he have any kind of counteroffer? also, we understand that he just is making clear that it is -- got to be increase in rates for the wealthy or no deal. are you willing to give a little bit, maybe just not all the way to 39.6? >> it was the -- the phone call was pleasant. but it was just more of the same. the conversations -- the staff had yesterday just more of the same. it is time for the -- president, if he is serious to come back to us with a counteroffer. >> mr. speaker, the jobs report indicated unemployment is down roughly
president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has a spending problem. not a receive knew problem. the president doesn't agree with our proposal, i believe that he's got an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> mr. speaker, you...
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Dec 4, 2012
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it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired. and republicans have been pushing back on that -- tax breaks rather for the wealthy expired and republicans have been pushing back on that, say they go believe that will be harmful for the economic recovery because wealthy americans are the ones who are creating the
it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not...
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Dec 4, 2012
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the only thing bigger than the budget deficit is the trust deficit in washington. christine romans, cnn, new york. >>> developing now, nato allies say they have grave concerns that syria's government could be preparing to do precisely what so many have been fearing, unleash the chemical weaponry on its own people. president obama issuing a stern warning after intelligence reports suggest that president bashar al assad's regime is mixing these chemicals to make the deadly, deadly gas called sarin. >> today i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> former british prime minister tony blair echoing the concerns earlier today on cnn. >> there are a lot of people dying. now the death toll probably would be around 40,000 since this began, since a large number of people. but if there was any sense at all that assad was going to use ch
the only thing bigger than the budget deficit is the trust deficit in washington. christine romans, cnn, new york. >>> developing now, nato allies say they have grave concerns that syria's government could be preparing to do precisely what so many have been fearing, unleash the chemical weaponry on its own people. president obama issuing a stern warning after intelligence reports suggest that president bashar al assad's regime is mixing these chemicals to make the deadly, deadly gas...
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Dec 4, 2012
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and the chancellor of the -- the finance minister has now warned that he won't meet his deficit targets for austerity will have to continue. we expect higher taxes on the rich tomorrow, cuts in public spending, and in this environment the multinationals like google, amazon, starbucks, are very firmly in the firing line. after all what better than to attack big corporate america. and they're being told, smell the coffee. i can play that game, too, michael. >> wake up and smell the coffee. always good to see you, mr. quest. always making it simple for us. richard quest in london. probably didn't pay for that coffee. >>> over the weekend, the palestinians celebrated their new status recognized by the united nations. the joy short-lived. how israel's decision to pursue even more settlements in the west bank and east jerusalem may kill any hopes of peace. we'll dive deep lie into this issue. >>> rp says it's not changing plans for the controversial housing development in east of jerusalem also developments in east jerusalem. this is despite getting a diplomatic mackdown recently from austral
and the chancellor of the -- the finance minister has now warned that he won't meet his deficit targets for austerity will have to continue. we expect higher taxes on the rich tomorrow, cuts in public spending, and in this environment the multinationals like google, amazon, starbucks, are very firmly in the firing line. after all what better than to attack big corporate america. and they're being told, smell the coffee. i can play that game, too, michael. >> wake up and smell the coffee....
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Dec 6, 2012
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coburn is known for his hard line on the deficit. he says he would rather bring down the debt by raising tax rates than just closing the loopholes and capping deducti s deductions. here's how he explained it. >> personally, i know we have to raise revenue. i don't really care which way we do it. actually, i would rather see the rates go up than do it the other way because it gives us greater chance to broaden the by as in the future and reform the tax code. >> two republican senators from maine are joining coburn in backing a tax hike on the wealthiest americans, but senator susan collins and olympia snowe say they would like to include some protect as well for small business owners. well, no debt talks scheduled between republicans and the white house, but the president is pushing ahead with the fiscal cliff pr campaign. he is meeting with a middle class family in northern virginia, and the white house says the president is going to talk about his efforts to extend tax cuts for the middle class as part of this debt deal. well, some
coburn is known for his hard line on the deficit. he says he would rather bring down the debt by raising tax rates than just closing the loopholes and capping deducti s deductions. here's how he explained it. >> personally, i know we have to raise revenue. i don't really care which way we do it. actually, i would rather see the rates go up than do it the other way because it gives us greater chance to broaden the by as in the future and reform the tax code. >> two republican...
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Dec 10, 2012
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i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit diesel has been turning out some of the best engines in the world. over all those years, generations of redford workers have walked through these doors. not just to punch a clock, not just to pick up a paycheck, not just to build an engine, but to build a middle class life for their families, to earn a shot at the american dream. for 7 1/2 decades, through good times and bad, through revolutions and technology that sent a lot of good jobs, manufacturing jobs overseas, men and women like you, your parents, maybe even your grandparents, have done your part to build up america's manufacturing strength. that's someth
i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit diesel has been turning out...
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Dec 7, 2012
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lot of fuel to this current debate that is occupying washington over the fiscal cliff and finding a deficit reduction plan and also sort of coupled with trying to avoid these spending cuts and tax increases that are set for the end of the year, don. >> what is that, is that a leaf blower? what's going on behind you? >> reporter: honestly, sometimes -- i think it is a leaf blower. sometimes it's a jack hammer. sometimes it's a leaf blower. sometimes it's a lawn mower. always a lot of work going on here at the white house. >> thank you, brianna keilar. have a great morning. >> from jobs now to labor. protesters are furious that michigan's republican controlled house and senate quickly passed controversial right to work bills. the bills limit the right to strike and picket and employees cannot be forced to pay union dues. democrats and union supporters say this is a huge blow to workers' rights. >> it terrifies me that they're trying to pass this through so quickly with no discussion from the other side, no understanding of what's important in it. >> poppy harlow joins us now from lansing. how
lot of fuel to this current debate that is occupying washington over the fiscal cliff and finding a deficit reduction plan and also sort of coupled with trying to avoid these spending cuts and tax increases that are set for the end of the year, don. >> what is that, is that a leaf blower? what's going on behind you? >> reporter: honestly, sometimes -- i think it is a leaf blower. sometimes it's a jack hammer. sometimes it's a leaf blower. sometimes it's a lawn mower. always a lot of...
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Dec 3, 2012
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clearly our real dwogoal here io come up with a plan that moves us to the budget deficit and to reduce the debt. we need to deal on the revenue side, many vehicles there, to use, and we also need to deal with the expense side. i think it is crafting a solution on both of those that is going to allow us to find a solution. >> all on the table and hopefully they will work and sort of meet in the middle and find that compromise. let's -- >> actually, this is the enabler for economic development in the united states. this is absolutely important we do this. >> i want to ask you about that, in just a moment. let's talk cars. i know you are relaunching the lincoln -- >> please. >> yes, we will. the lincoln brand, making it part of the lincoln motor company, buying a super bowl ad, putting lincoln in the commercials. when you look at this new car, i have to be honest, this is not my grandfather's lincoln. >> there you go. >> this is a new lincoln. was that the point? >> absolutely. and it is just -- it is absolutely the main point because, you know, the lincoln motor company has been associat
clearly our real dwogoal here io come up with a plan that moves us to the budget deficit and to reduce the debt. we need to deal on the revenue side, many vehicles there, to use, and we also need to deal with the expense side. i think it is crafting a solution on both of those that is going to allow us to find a solution. >> all on the table and hopefully they will work and sort of meet in the middle and find that compromise. let's -- >> actually, this is the enabler for economic...
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Dec 10, 2012
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the cowboys came back from a nine-point deficit to beat the cincinnati bengals on a dramatic last second field goal. brown's jersey was held up after the emotional win, and following the game, cowboys head coach jason garrett talked about the focus his team showed during this tragedy. >> all we asked our team last night was to understand as best they could what happened and somehow, some way, to challenge the emotions they have into honoring jerry today in their performance, and that's a hard thing to do. i think everyone in our organization who knew him is completely numb and has been numb for the last couple days. >> ed lavandera joins us from dallas. ed, this morning brown's teammate, cowboys nose tackle josh brent is out of jail. >> reporter: he is, ted. as that team is dealing with the death of a beloved teammate, they're also struggling with the fact that one of their teammates and close friends as well is also facing some very serious legal charges as well, josh brent facing intoxication, manslaughter, but he did post a $500,000 shortly after the cowboys had won that game and left
the cowboys came back from a nine-point deficit to beat the cincinnati bengals on a dramatic last second field goal. brown's jersey was held up after the emotional win, and following the game, cowboys head coach jason garrett talked about the focus his team showed during this tragedy. >> all we asked our team last night was to understand as best they could what happened and somehow, some way, to challenge the emotions they have into honoring jerry today in their performance, and that's a...